Starting up a security company can be not only rewarding financially but you are also offering a service that many people and businesses feel is essential to the smooth running of their lives.
- Overview
- Qualifications
- Pros and Cons
- How much can I earn?
- How much does it cost to start?
- Do your research
- Choice of business structure and registering your company
- Create your business plan
- Marketing and Branding
- Red tape
- Conclusion
The number of private security companies has increased over the last few years, with the number of security guards now outnumbering the number of police officers in the United Kingdom. As of 2024 were are 10, 676 security businesses in the UK, the majority were businesses that employ fewer than five people.
This is mainly due to public sector organisations outsourcing more security functions to private sector contractors because of low police officer numbers. This has therefore increased the annual revenue to £8.8 billion in 2023.
The cost of living crisis has also taken it´s toll on shops and businesses with burglaries and robberies on the increase. Security is becoming a necessity rather than an add on if financially viable.
- Potential Annual Revenue: £30-46,000+
- Start Up Cost: £1,000-£2,500
- Time To Revenue: 3-4+ months
- Annual Market Growth Rate: %
- Best for: The physically fit, level headed, observant and trustworthy entrepreneurs.
Micro security companies tend to dominate the sector, focusing on niche areas.
You can join them and give security and reassurance to your clients
Starting a security company gives you the chance to operate in a range of different niches that you might not have been aware of, including:
- Bodyguarding, armed or unarmed
- Construction site security
- Public space surveillance (CCTV)
- Cash and valuables transit guarding
- Door supervision
- Event security
- Manned guarding
- Key holding response
- Mobile patrols
- Residential security
- Warehouse security
- Sports venues
- Vacant properties
- Aviation
- Vehicle Parking
Provide a reliable and trustworthy service
From registering your company, establishing your brand to marketing your services, we’ll cover everything you need to know to help you turn your entrepreneurial talent into a successful company owner.
Qualifications
The security sector has come a long way since the 70´s and 80´s when many firms were run by local gangsters. Today you will need to obtain a licence from the Security Industry Authority (SIA).
Before you can apply for a front line SIA licence, you need to train for a ‘licence-linked’ qualification. This is to show you have the skills and knowledge you need to hold a licence and do your job safely. You will need a licence for each specific activity your security business will cover, whether it´s door supervision, CCTV surveillance or manned guarding.
Training must be from an approved training provider. These are providers that have been approved by awarding organisations that offer SIA-licence-linked qualifications. See the Government website for more details on what you need and where to train.
The SIA licence needs to be updated every three years by attending top-up training.
You do not need a licence-linked qualification to get a non-front line licence or a key holding licence.
Other accreditations that are common for the best security firms include:
- ISO9001
- ISO 14001
- CHAS (the Contractors Health and Safety Assessment Scheme)
- SIA (Approved Contractor Scheme)
- SSIP (Safety Schemes in Procurement)
It is imperative that all hired staff have the relevant qualifications and licences. You are not responsible for their training but must do thorough background checks before hiring.
So whether you´re already a qualified, experienced security guard and have decided to branch out on your own or maybe your ex police, army etc and fancy starting your own business, we are here to help you take the next steps in your career.
So, before you grab that walkie talkie, here are some pros and cons to keep in mind:
8 Great Reasons to Start a Security Business
- Growing Demand: With increasing concerns about safety and security in both the public and private sectors, the demand for reliable security services is on the rise.
- Diverse Client Base: Security services are required across various industries, including residential areas, commercial properties, retail centres, healthcare facilities and event management
- Stable Income: Security services are often considered essential, providing a stable source of income even during economic downturns, making it a recession-resistant industry.
- Fulfilling Role: Running a security business allows you to contribute to the safety and well-being of individuals and communities, making a positive impact on society.
- Flexible Business Model: You can choose to offer a range of security services, including manned guarding, surveillance, event security, executive protection, and more, providing flexibility in your business model and the ability to cater to different client needs.
- Advancements in Technology: The integration of advanced technologies, such as surveillance systems, access control, and biometric security, allows you to offer innovative and effective security solutions to clients, staying at the forefront of the industry.
- Networking Opportunities: Establishing a security business enables you to build strong connections within the industry, including partnerships with other security firms, technology providers, and local businesses, enhancing your business’s credibility and reach.
- Contribution to Community Safety: By providing reliable security services, you contribute to creating safer and more secure communities, fostering trust and peace of mind among residents and businesses in your area.